Brexit’s short-run pains could mean long-term gains for India: Experts

For India, experts say, Brexit might have a short-term adverse impact but benefits lie in the long run.

So far, Brexit talks between England and the EU have not been fruitful and there are concerns that Britain might have to leave the Union without a deal which may have severe economic impact including a recession in England.

“If there is Brexit without a deal then there could be short-term disruption while in the long run, it makes the UK less dependent on the EU giving countries like India an opportunity to negotiate directly with the UK,” said Mayuresh Joshi, Fund Manager Angel Broking.

An RBI report published earlier this month had also noted that “the likelihood of Brexit in March 2019 could offer opportunities for Indian exporters if bilateral trade agreements are renegotiated.”